Mahindra Yueda plans $40 m China R&D arm

Mahindra Yueda plans $40 m China R&D arm


The estimated investment is about $40 million for the R&D centre and $18 million for manufacturing plant, the company said in a release to BSE here.Mahindra had acquired a major stake in Yancheng Tractors last years and the joint venture has completed a year of successful operations.